Duluth (NASDAQ:DLTH) SVP Richard Schlecht Buys 10,502 Shares

Duluth Holdings Inc. (NASDAQ:DLTH) SVP Richard Schlecht purchased 10,502 shares of the stock in a transaction dated Wednesday, December 24th. The stock was purchased at an average price of $2.22 per share, for a total transaction of $23,314.44. Following the completion of the acquisition, the senior vice president directly owned 352,233 shares in the company, valued at approximately $781,957.26. This represents a 3.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Duluth Stock Down 1.9%

Duluth stock opened at $2.07 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.21. The stock has a market capitalization of $76.03 million, a price-to-earnings ratio of -2.38 and a beta of 1.69. Duluth Holdings Inc. has a 1-year low of $1.58 and a 1-year high of $4.66. The business has a fifty day moving average price of $2.84 and a 200-day moving average price of $2.74.

Duluth (NASDAQ:DLTH) last released its earnings results on Tuesday, December 16th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.33. The company had revenue of $114.87 million for the quarter, compared to the consensus estimate of $118.50 million. Duluth had a negative net margin of 5.03% and a negative return on equity of 11.51%. During the same quarter in the previous year, the firm earned ($0.41) EPS. Equities research analysts forecast that Duluth Holdings Inc. will post -0.56 EPS for the current fiscal year.

Duluth News Roundup

Here are the key news stories impacting Duluth this week:

• Positive Sentiment: Senior VP Richard W. Schlecht disclosed two recent open-market purchases (Dec 23 and Dec 24) totaling ~28,554 shares at roughly $2.17–$2.22, increasing his ownership and signalling insider confidence. This can support the share price by suggesting management views the stock as undervalued. Read More.
• Neutral Sentiment: Local retail/market news: Duluth Coffee Company plans to move its Superior Street cafe—local foot-traffic changes can marginally affect retail environment but are unlikely to meaningfully impact DLTH’s corporate performance. Read More.
• Neutral Sentiment: Other local developments (city policy, community events and sports) are of limited direct relevance to DLTH’s corporate results but set the regional context for consumer activity. Read More.
• Negative Sentiment: Law firm investigation: A Schall Law Firm notice invites DLTH investors to join a fraud investigation — this is the headline risk. Such notices often precede shareholder litigation or heightened regulatory scrutiny, which can depress the stock while uncertainty persists. Read More.

Institutional Investors Weigh In On Duluth

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in shares of Duluth during the third quarter worth $85,000. International Assets Investment Management LLC acquired a new position in Duluth during the second quarter worth about $50,000. Yarger Wealth Strategies LLC grew its stake in Duluth by 124.5% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock valued at $68,000 after acquiring an additional 17,978 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Duluth in the 3rd quarter valued at about $140,000. Finally, Goldman Sachs Group Inc. raised its holdings in Duluth by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after acquiring an additional 29,521 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

Analyst Upgrades and Downgrades

DLTH has been the subject of several recent research reports. Wall Street Zen upgraded Duluth to a “hold” rating in a research report on Friday, November 28th. Baird R W raised shares of Duluth from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Singular Research raised shares of Duluth to a “strong-buy” rating in a report on Monday, October 13th. Robert W. Baird set a $5.00 price target on shares of Duluth in a report on Wednesday, December 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Duluth in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Duluth has a consensus rating of “Buy” and an average price target of $5.00.

Duluth Company Profile

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.